S&P 500 nails the May peak, pulls in to retest the 2,710 breakout point Focus: Financials press major resistance amid down market, XLF, BABA, DQ, M, SUPNU.S. stocks are lower early Wednesday, pressured amid the prevailing trade-policy saga’s latest uncertain turn. Against this backdrop, the S&P 500 has pulled in from the May peak (2,742) and thus far successfully retested the 2,710 breakout point. Wednesday’s early session low (2,709.5) has matched support, though the retest remains underway.

Charting a trade-fueled breakout attempt, Dow 25,000 under siege Focus: Industrials press trendline resistance, XLI, UNP, DE, ICPT, SEDG, TWLOU.S. stocks are firmly higher early Monday, rising amid easing trade-policy tensions between the U.S. and China. Against this backdrop, the S&P 500 has rallied from its breakout point (2,710) while the Dow Jones Industrial Average is pressing the marquee 25,000 mark.

Bull ‘trend’ strengthens, S&P 500 holds the 2,710 breakout point Focus: Energy sector takes flight (again), Financials flatline at resistance, XLE, XLF, PANW, BYD, EOG, VNOMThough U.S. stocks are off to a sluggish Friday start, boring is bullish against the prevailing market backdrop. Consider that the S&P 500 established the May peak (2,741) during this week’s first few hours, and the subsequent pullback has been orderly, underpinned by consecutive successful retests of the breakout point (2,710).

Market bulls on offense, S&P 500 extends technical breakout Focus: Materials press trendline resistance, Japanese yen teeters near major support, XLB, FXY, BZUN, TXN, IDXX, VALEU.S. stocks are mixed early Friday, treading water in the wake of several consequential technical breakouts. Consider that the S&P 500 has extended its break atop major resistance — resolving a double bottom, defined by the April and May lows — while the Nasdaq Composite has concurrently extended its rally atop key trendline resistance.

Abercrombie & Fitch started at neutral with $25 stock price target at Wedbush

S&P 500 pulls in from resistance ahead of the Fed Focus: Charting a utilities breakout ahead of the Fed?, XLU, UA, MLCO, NSC, VCELU.S. stocks are mixed early Wednesday, treading water amid Apple’s earnings-fueled resurgence, and ahead of the Federal Reserve’s policy statement, due out this afternoon. Against this backdrop, the S&P 500 is traversing an increasingly familiar range, capped by major resistance. The S&P has not closed atop 2,670 since April 19.

Charting a bearish market backdrop as seasonal headwind (May) kicks off Focus: U.S. dollar takes flight amid persistent financial sector sluggishness, UUP, XLF, AMD, WUBA, YUMCTechnically speaking, the major U.S. benchmarks have reached the worst six months seasonally — May through October — against an already bearish-leaning backdrop. On headline basis, the S&P 500 remains capped by major resistance, while elsewhere, an ominous chart pattern continues to take shape on the Nasdaq Composite.

U.S. benchmarks tag the breakdown point as jagged April nears conclusion Focus: Retail and health care sectors show signs of life, XRT, XLV, UNH, NKE, DSW, ALKU.S. stocks are higher early Monday, rising after a solid batch of earnings reports, and even as the U.S. dollar challenges its 200-day moving average from underneath. Against this backdrop, each big three U.S. benchmark has ventured atop near-term resistance with the monthly close pending Monday.

Charting a corrective bounce, S&P 500 survives third test of 200-day average Focus: U.S. dollar presses 200-day average, China challenges major support, UUP, FXI, COST, CSX, GLNGU.S. stocks are firmly higher early Thursday, rising after a strong batch of earnings reports, and even as the U.S. dollar presses its 200-day moving average from underneath. Against this backdrop, the S&P 500 has survived its third retest of the 200-day moving average, across as many months, and its latest corrective bounce is underway.

S&P 500 pulls in to the breakout point (2,695), initial retest underway Focus: Silver takes flight, Gold approaches major resistance, SLV, GLD, FCX, CMG, WING, AAOIU.S. stocks are lower early Thursday, pressured after a mixed batch of quarterly earnings reports. In the process, the S&P 500 has pulled in to its breakout point — S&P 2,695 — and the first retest from above is underway.

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